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FCA urged to scrutinise platform and IFA charges

Regulators should focus on platforms and other intermediaries, not just asset managers, when they take aim at fee transparency, experts argue. Speaking at a Transparency Task Force debate last week, Newton head of defined contribution Catherine Doyle claimed regulators need to examine the complex layers of fees around investment platforms, and not just point the finger at asset […]

Woodford tells investors not to worry about sterling

Neil Woodford reckons investors should not worry about “overvalued” sterling’s fall following the Brexit vote. In an interview with Hargreaves Lansdown, the fund manager also predicted the UK is unlikely to see a rate rise for three years and it is possible the US will not see a hike this year or next. He says the US Federal […]

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US markets upbeat as Clinton gains in final polls

US markets ended their nine-day losing streak on Monday as poll momentum returned in favour of Hillary Clinton ahead of the final day of voting in this year’s presidential election. It had been the longest losing streak for US markets in 35 years. The S&P 500, Dow Jones Industrial Average and Nasdaq were all up above […]

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